Minnesota sports betting bill tax rate hiked by senate

Sports Betting

A Senate proposed Minnesota sports betting bill today took another step forward, but not without undergoing several additional changes.

The Minnesota Senate Committee on Taxes moved Sen. Matt Klein’s (DFL-53) sports betting bill, SF 1949, ahead to the Senate Committee on Finance, but not before the bill’s tax rate was doubled and sports betting tax revenue distributions were altered.

The new appropriation sends 5% of tax revenue to the tracks. It also sends 20% to charitable gaming enterprises, which have advocated for relief if lawmakers legalize sports betting. Klein said the legislature negatively affected the organizations with changes in a pull tab gambling ticket policy last year.